Rupee hits new all-time low of 80.88 against US dollar
Fall comes after a record rise in the US dollar, which hit a two-decade high after the U.S. Fed raised key rates by 75 bps to 3-3.25%.
inflation in india
September 2022
August 2022
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April 2022
Fitch slashes India's FY23 GDP forecast to 7%
Fitch Ratings expects the RBI to continue raising repo rate to 5.9% before year-end.
India managed inflation well; RBI must synchronise more: FM
FM Nirmala Sithraman praises PM Modi for “his courage” to get crude oil from Russia at a discount while also making sure friendship with all countries remains intact
India better placed amid high global inflation, Govt watchful: FinMin official
Inflation had been rising in the Indian economy as an impact of the supply disruption and high commodity prices in the wake of the Russia-Ukraine war.
India’s high unemployment is ‘real danger’: Raghuram Rajan
Ex-RBI governor thinks inflation situation is different in India. There are elements of supply chain issues and commodity price rises but the imbalance is due to higher spending by upper-middle-class.
War On Inflation
With RBI increasing rates, investment climate subdued and Ukraine war in full swing, government finds it hard to check inflation without hurting economic growth.
Policy rates hike not ‘anti-national’: Raghuram Rajan
Former RBI governor says the central bank will have to raise rates at some point, like the rest of the world is doing, hinting toward expectations of a further rise in the U.S. interest rates.
